Insider Selling: Intapp, Inc. (NASDAQ:INTA) Insider Sells 20,000 Shares

On December 9th, Thad Jampol, an insider at Intapp, Inc. (NASDAQ:INTA), sold 20,000 shares of the company's stock. The shares were sold at an average price of $67.97, amounting to a total transaction value of $1,359,400.00. After this sale, Jampol owns 798,222 shares in Intapp, which are currently valued at approximately $54,255,149.34. This transaction marks a decrease of 2.44% in Jampol’s ownership of the stock. The sale was filed with the Securities and Exchange Commission (SEC) and is available through their website for transparency.

Recent Stock Activity

Thad Jampol has been active in trading Intapp shares recently. On November 21st, he sold 20,174 shares at an average price of $59.30, totaling $1,196,318.20. Previously, on October 8th, he sold another 20,000 shares at an average price of $45.09, resulting in a value of $901,800.00. Additionally, on September 19th, he sold 31,666 shares at an average price of $49.09, with a total value of $1,554,483.94. These trades illustrate a pattern of significant insider selling.

Stock Performance

As of Thursday, Intapp's stock opened at $70.00. The company has experienced notable stock movements, with a 50-day moving average price of $55.47 and a two-hundred-day moving average price of $44.83. The stock has seen a 52-week low of $30.36 and a 52-week high of $70.19, showcasing its volatility. Intapp has a market capitalization of $5.42 billion and a price-to-earnings ratio of -241.38.

Earnings and Analysts' Views

Intapp released its quarterly earnings data on November 4th, reporting earnings per share (EPS) of $0.21, exceeding the consensus estimate of $0.13 by $0.08. The company recorded a revenue of $118.81 million during this quarter, slightly above the expected $117.88 million. Analysts predict that Intapp will have an EPS of -0.14 for the current year.

Analyst Ratings and Price Targets

Several analysts have recently updated their ratings and price targets for Intapp. Raymond James raised their target price from $46.00 to $55.00 and rated the company as “outperform”. Truist Financial also increased their price objective to $55.00, while UBS Group and Barclays adjusted their targets to $50.00 and $48.00, respectively. The consensus among analysts is that Intapp holds a “Moderate Buy” rating, with an average price target of $55.09.

Investor Activity

Institutional investors have recently made adjustments to their holdings of Intapp. For instance, J.Safra Asset Management Corp increased its stake by 634.0%, while Farther Finance Advisors LLC raised its position by 1,054.0%. Other investors also entered new positions in Intapp, indicating strong interest in the stock. Currently, 89.96% of Intapp’s stock is held by institutional investors and hedge funds.

Company Overview

Intapp, Inc. is a company that offers industry-specific cloud-based software solutions primarily for the professional and financial services sectors. The company’s products include DealCloud for managing relationships and engagements in financial services, as well as various risk and compliance management solutions.

Insider, Selling, Stock